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Tuesday, September 04, 2007

GM Sales Increase, Ford Sales Decline

by Calculated Risk on 9/04/2007 02:31:00 PM

From the WSJ: GM Sales Increase 6.1% As Ford Sales Tumble 14%

... Ford Motor Co. posted a 14% skid in sales for the month and said it sees higher fourth-quarter production. Toyota Motor Corp. posted a 2.8% sales drop in U.S. sales.

GM said its U.S. sales of cars and light trucks for August rose 6.1% from a year ago and lowered its third-quarter production forecast and sees lower fourth-quarter output.
Toyota blamed the credit crunch damping consumer confidence for its drop in U.S. sales in August.
Chrysler sales numbers will be released later in the afternoon.